When Prime Minister Mark Carney looks around his cabinet table, he sees nothing but homeowners and plenty of landlords.
A Global News analysis of the financial disclosures of all MPs as well as a series of follow-up questions to a select number of politicians has determined that every single person in Carney’s 38-person ministry — ministers plus secretaries of state — are homeowners. None of them rent their principal residence.
Not only are none of them renters — except, perhaps, of their secondary residence while in Ottawa — 38 per cent of Carney’s ministers are landlords, earning rental income or as investors in property management businesses or real estate investment trusts.
There is, for example, the immigration minister — Nova Scotia MP Lena Metlege Diab — who owns or co-owns 14 rental units in Halifax. Carney’s finance minister, Quebec MP François-Philippe Champagne, owns or co-owns a pair of rental properties in London, England. And the Secretary of State for International Development, B.C.’s Randeep Sarai, owns a half-dozen rental units in Burnaby and Surrey.
Carney’s assets are in a blind trust and so his status as a landlord is unknown even to him, but among the dozens of companies he used to own that are part of his disclosed conflict-of-interest screen, there are plenty that earn their income by extracting rent from commercial or residential tenants.
Meanwhile, in the House of Commons there are even more landlords: 103 MPs or their spouses have disclosed rental income, owning rental properties, or owning a business involved in renting or managing investment properties.
The landlord list in the House includes the Opposition Leader Pierre Poilievre and 44 other Conservative MPs, 52 Liberal MPs (including those in cabinet), six Bloc Québecois MPs and one former New Democrat, now an independent MP: Alexandre Boulerice who reports on his disclosure form that his spouse earns rental income.
No NDP MPs listed rental income or rental properties in their financial disclosure. Neither did the lone Green MP Elizabeth May.
And at least 295 MPs own their principal residence while only a handful rent their principal residence in their riding.
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The overwhelming weight in our national legislature of homeowners and landlords is not lost on those who advocate on behalf of the 30 per cent of Canadian households who are not homeowners and who pay rent every month to a landlord.
“I do find that those statistics are very helpful in calling attention to the power and politics of housing,” said Ricardo Tranjan, who studies housing policy for the Canadian Centre for Policy Alternatives and is the author of the 2023 book The Tenant Class.
“These stats cause us to pay attention to the simple political facts that tenants are underrepresented in city halls and in provincial legislatures, and in the Canadian Parliament, and that obviously it’s going to be harder to make the case for their policies if they’re not there.“
Indeed, during committee hearings this spring on the Carney government’s signature housing bill, C-20: The Build Canada Homes Act, several advocates for tenants and renters asked the government to amend the bill to include more support for tenants and renters — things like vacancy control, security of tenure for renters, and a tenants’ bill of rights. Not a single amendment recommended by tenants advocates was adopted.
“It’s hugely disappointing, of course,” said Julieta Perucca, co-founder of the human rights group The Shift, which was one of the advocacy groups that submitted a brief to the House of Commons committee that studied C0-20.
“It shows that there is a bit of an institutional bias to keep the housing system working exactly as it is right now because it is the most profitable business in Canada — unfortunately for the rest of us, the tenants, the people who are trying to access home ownership and most acutely for those living in homelessness or housing precarity.”
The Global News analysis of MPs’ real estate assets and investments is drawn from financial disclosures every office holder must file with Parliament’s Conflict of Interest and Ethics Commissioner. The commissioner’s office then publishes a summary of those disclosures. As of June 23, the disclosures for every cabinet minister and all but 11 of 343 MPs have been published.
The summary does not include the value of any asset or liability but does disclose, for example, the name of the stocks each one might own and what kind of outside income they or their spouse expect to earn in the next 12 months. Dozens of MPs listed shares or units in real estate investment trusts (REITs), investment vehicles set up precisely to earn profits on rents.
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“Politicians themselves are homeowners or landlords and the interests of the tenants are not represented directly in their conversation,” Tranjan said.
Are MPs, then, thinking about their investment portfolios when it comes to policies which would put more power in the hands of tenants at the expense of landlords?
“I think it’s possible, yes,” said Perucca. “I think there would be a lot of different ideas proposed, but even if we’re not quite there yet, what about if our MPs didn’t have money tied up in real estate investment trusts and weren’t dependent on those strong returns from those real estate and investment trusts? Could that then maybe support how they legislate to change the status quo of these corporate landlords? I mean, we could ask ourselves that question. ”
So what did renters advocates want the government to do?
The DisAbled Women’s Network (DAWN) of Canada submitted a brief to the House of Commons committee that studied C-20 recommending, among other things, that the government should create a national “Renter Bill of Rights”. This initiative would shield tenants—particularly those with disabilities—from exploitation and “secondary victimization” by housing authorities or landlords.
The Trudeau government, in its 2024 budget, did, in fact, try to do this.
“This is a really important document that talks about ensuring that tenants have rights they can vindicate, including in front of tribunals and, potentially, courts of law,” then-justice minister Arif Virani told the House of Commons on April 18, 2024. But the Trudeau government’s tenants’ bill of rights needed provinces to sign on. They did not and the initiative died.
Sources in the Carney government say current Housing and Infrastructure Minister Gregor Robertson is working on a successor to the Trudeau-era tenants’ bill of rights.
But the committee studying C-20 considered — and rejected — other suggestions. To address the immediate threat of homelessness, Samuel Watts of the Welcome Hall Mission and Tim Ross of the Co-operative Housing Federation of Canada urged the government to implement a targeted rental protection fund designed to keep current tenants in their homes and prevent evictions.
Another group, the Front d’action populaire en réaménagement urbain (FRAPRU), asked MPs on the C-20 committee to shift the definition of “affordable housing” away from market rent benchmarks and instead towards a tenants’ ability to pay. The suggestion was ignored.
Perucca’s group, The Shift, argued that security of tenure should be a mandatory legal condition for any developer receiving financial assistance through the newly created Build Canada Homes agency. Liberal MPs on the committee, who have the majority, declined to recommend such an amendment.
Editor’s note: This story has been updated to correct the fact that Alexandre Boulerice is no longer an NDP MP and holds his House of Commons seat as an independent MP.
Back in 2019 Canada signed a UN declaration that stated housing is a human right. So where is it in our human rights laws? This homelessness issue was caused by greedy landlords and our governments across the country, and yet when we try to fight for our basic nesessities we get rejected because those in government are landlords. Which is a conflict of interest in itself.
Sapme rents going up not cause greedy landlords who have forced by government rent cap 2/%on average every year but cause rental property’s charge by City lat 8%or utility raises lat 10%or up to 100%raises of repair labour rates or building materials or fuel prices😄😭rates or garbage disposal 100%raisesagain byCity there where greedy are placed they don’t put rates cap on anything influenced housing cost beside landlord rents so don’t be fooled by propaganda
Is all lies and propaganda landlords rights😁to own privet property are not existent and tenants get all protection not landlords .In Canada only landlords income is limited by rent cap like this year 2.5%way lower then real inflation or rental property tax reises every year alone ,tenants😭😍allowed to steal rental units use with out paying rent for over year yet landlords are forced to pay their utilitys even tenants refuse pay rent how landlords😉should keep maintnace rental property exactly in that case ,what about landlord right and law should protect landlords equally I don’t see wage cap raise for government and public or politicians wages capted. At 2%
Can you tell me how the federal government can enact laws surrounding security of tenure, for example? It was my understanding that that would be a matter of for the provincial government under Section 92 of the Constitution Act, and that the federal government cannot interfere in such things. I was under the impression that all matters concerning that housing are provincial matters.
Let’s face it. Smart people buy a house. Rent out the suite and/or suites to subsidize their own living expenses and increase their net worth through these means. I see nothing wrong with this.
However, they should not be buying up unsold real estate with tax payer money because developers buy $25,000 a plate fundraising dinner parties for the liberals. That is corruption and some people deserve to go to prison for this… But nothing will happen. And how Brookfield’s market share and Mark Carney’s Brookfield transition fund will increase.
Extending a program to support landlords replacing A/C units with heat pumps is not bias, it is a conflict-of-interest for every MP that is also a landlord that failed to recuse themself from the vote.
There is, for example, the immigration minister — Nova Scotia MP Lena Metlege Diab — who owns or co-owns 14 rental units …. Well this isn’t news, the main reason for high rents from the cheapest people on the planet, no regard whatsoever for ones that cannot afford to buy… and they don’t even look after ther rentals
I guess toronto Pride organizers are now okay with police, and snipers.
The entire argument of this article expresses everything that is wrong with allowing retards to breed.
I feel like Canada has completely failed. Based on the arguments in this article, I think we should also support illegal immigrants or even straight-up foreigners becoming our MPs—now that would truly represent our Canadian values. We should also support homeless people becoming MPs. Furthermore, we should advocate that MPs must not have a university degree; otherwise, it’s unfair to those with lower levels of education. And so on!
I think commodities should’ve never been allowed to be an investment in the first place, it drives up prices. That and the government subsidized all these immigrants they brought over that they could afford a home, which drove the prices up even more, just like how they subsidize their wages to stagnate wages.
All this lib government knows how to do is use our taxes against us.
66.5% of Canadians are homeowners because in the West we treat housing as an investment vehicle. For change through governmental means, you need to convince that demographic of voters to give up their nest eggs. In all honesty, other avenues look more promising.
I agree with Tara’s commnet 100%.
Also it was probably those MPs that pushed the for the Bidding on Home buying. Since when should anyone have to Bid on a House when it used to be a First come First Serve sale, when a mortgage was accepted by the bank. Owning a Home is a right to anyone. We’re all dealing between a rock and a hard place when it’s down to Corrupt Political Parties. Both Liberals and Conservatives. None of them are trustworthy. They’re all in it to rip off Canadians!
Housing was not intended to be an investment vehicle. The entire market was allowed to climb into unaffordability during 2020-2025 and despite the cries of renters for the government to do something, the government did nothing to stop the country-wide renovictions. Since so many politicians are home and rental property owners, it was in their best interest to let prices climb sky high. They only care about themselves.
No MP who is invested in real estate should be on the committee for Bill C-20. That’s a clear conflict of interest. MPs and anyone in government collecting a massive salary considered in the top 1% oF earners in Canada should not be allowed to invest in REITS. This is one of the causes of the housing crisis. No wonder the housing crisis continues. We have government officials making policy decisions that benefit themselves. Fully corrupt!
Owning your own home is something nearly everyone strives for so it shouldn’t be a surprise that most MPs are homeowners. Renting is the very definition of an economically unsound practice — you spend money to pay somebody else’s mortgage.
There is no better politician than one already in the ground
While I understand the problem quite well it shouldn’t be a surprise that most of them own their own homes. The MP’s with 10+ rentals however, I can understand as being biased. I own my house outright and work in another city 4/5 days a week and while I considered buying a second property and splitting it with a tenant, it isn’t viable. It’s cheaper for me to rent than pursue ownership even with my wage and house leverage. Just food for thought.
Ben. Feds control immigration and lost control. They brought in over a Million people with obviously no plan on how to house these people Trudeau promised affordable housing in 2015 and made the situation worse. Talk about incompetence.
Provinces regulate rents and landlords. Feds have nothing to do with it. Non issue pushed by Poilievre and reported by the right wing media!
Renters & landlord legislation is under provincial jurisdiction
Roy – We pay market price for them. Trust me, we don’t pay high prices and must run numbers to ensure a small profit is realized after all the bills are tallied. Please don’t shame me because renters can’t cough up the down payment to purchase a home. Also, I live a very full life. Not sure how you make that claim with someone that has an investment property.
Alot of landlords in these comments so I’ll make it simple for you. People rent because there are no affordable houses to buy. Houses are expensive because people keep paying high prices just to rent them out. You are the problem, you are not helping anyone, you are making money off of peoples’ misfortune, and you should be ashamed of yourselves. There is much more to life than making money, I pity you for missing out on so many great things in life because you can’t see that.
It is an obvious conflict of interest. Just one more example of how corrupt the Canadian government is.
Advocates have become a professional industry. Essentially these people make a living off the hardship of others.
I always laugh when I see these tenants complaints. WITHOUT landlords investing their savings there are no rental units. Landlords put up with a lot of pain and effort to make those investments. For every good tenant (not in major centers) there are 3 truly awful tenants who will be tenants for LIFE. I handled rentals for people for several years and was a landlord for many more. I SOLD the properties due to the government restrictions and the tenants having more rights than the person who owns the house.
Life long renters are typically in these positions because of their own poor choices. I was a landlord for many and most of the renters I had wasted their money on other things, like alcohol, drugs, tattoos, etc. I even had a renter who had a super expensive luxury vehicle and then complained he didn’t own a home.
I agree with Marilyn Gladu. It’s all PeePee Trump and Harper’s fault.Ive been running around with my elbows up fighting fascists for over a year now.
Hey Marilyn, if your arms get tired like mine did ,I have an easy solution. Tie your elbows together with some string then put the string on top of your head.Works great for keeping those elbows high .People start running when I hit the streets swinging my arms and shouting “I’m a Liberal Fascist Fighter “
@Ben. Opportunity is equalized, the results are not. If you want communism, perhaps relocate to Cuba.
Some of the comments bash the poor. Many Canadians didn’t have the same opportunities as the rich. Opportunity should be equalized.
You can tell Canada is becoming Venezuela north. The demonization of those that work hard, buy and home early, save, work harder and build up a portfolio. Typically, most people that rent / live hand to mouth do so because of their own poor choices. Let’s not demonize those that work hard, make a profit as a small business, owner, own investment properties, and add value to society. Those that make poor choices tend to have sour grapes.
Everyone on here commenting that this article is useless must not realize that it has been all over the news lately that the government continues to artificially prop up the would be failing housing market
This narrative that democracy is somehow non representative is an absolute farce. Poor people are underrepresented as CEOs. What a revalation!
I am so sick of media’s pandering to morons.
There are no renters in office because no renters won a seat in the last election.
Calling it bias is a complete rejection of intelligent thought and critical thinking.
Maybe I should become a politician. I’ll tell people what’s what without a care in the world. I would first freeze all pay to all parliament until they actually worked a full year. No more governor general either. I would sink vessels smuggling people and reinstate capital punishment, not just for murder but as the only acceptable punishment for any guilty of corruption who swore an oath to uphold and protect Canadian laws. Ukraine would get its men back instead of tax dollars. I would eminent domain parts of BC for an oil refinery. I would deportation anyone abusing their work or student visas and declare their entire families persona non grata for violating the trust that the visa gives. I would increase military spending and impose mandatory conscription at 18 to ensure the entire population can perform as a military unit in the event of attack. No more anchor babies either.
Advocates are losers. Run for office renter.
@Marilyn. Wasn’t it Trudeau and Csrney that let 24 Sussex rot from 2015-2026? Wasn’t it the Liberals who were the Govt? Sure. Blame the Opposition….
If they’re trying to have a balanced look at the issue, I hope they also asked the MPs if they had ever been a renter, and for how long.
I mean, if they’d rented for 20 years, and owned a home for the last 5, that would give people a more accurate look at their potential outlooks.
Moses. You can park your vote with the NDP if you want. There is no law that prohibits anyone from owning a second home and using it as an investment property.
PP lives rent free in Marylin’s head. She takes issue that PP has an official residence but has no problem that Carney does The typical hypocrisy of blind liberal partisan.
This is a totally useless article. So sad this is headline.
Marilyn Gladue: Give it a break. Both the PM and the leader of the opposition, whoever they may be, live rent free in government supplied housing. It has been that way for many years. It is the same for almost every other country. Get the chip of of your shoulder.
If the MP’s have such a bias, why are there so much assistance given to first time home buyers. Those would be renters, and their customers… Think it through. – name me 1 benefit that home owners have gotten (that renters did not also get). – I know of none except for their green projects (which I refuse to change from natural gas) and supports for disabled.
Canadians SHOULD NOT VOTE for any a LANDLORD in the Provincial Parliament or Federal Parliament.
Do NOT LET THEM STAY or RETURN to create CONFLICT of INTEREST for the less fortunate Canadian Citizens.
Our VOTE should go to people who protect the Canadians and not their interests.
f you ever why rent in Canada is not improving, look at this it explains so much:
Landlords in the House: Advocates see a bias in Canadian Parliament 🇨🇦 against renters, and they have no interest in changing the situation.
38% of the cabinet ministers are landlords. 103 MP’s or their spouses are listed as landlords and receiving income from their rented properties.
Canadians SHOULD NOT VOTE for any a LNADLORD in the Provincial Parliament or Federal Parliament.
@Marylin. So does your boss King Carney who wants a new case build for him as Rideau Cottage isn’t good enough for his tastes.
And then there’s PP who lives rent free in a mansion with dozens of rooms, a chauffeur, and a cook.
He wants the old Harper place to rot now that he isn’t in it.
He’s not in it for himself though like most politicians…LOL
Activists whining is not news
Its clickbait
Nobody is preventing life long renters from becoming an MP.
Well hey global, careful now, you might have your funding withdrawn if you criticize your money trough.
But if you wanted to go further….
Ask Carney how the biggest rental property owner( Concert properties ) and developer signed a “joint venture” with Brookfield 3 weeks before Carney announces a billion dollar deal ( bailout) to purchase all the empty condos in Vancouver?